State Tax Collections: T23 Hunting and Fishing License for the United States
This dataset tracks state tax collections: t23 hunting and fishing license for the united states over time.
Latest Value
353.00
Year-over-Year Change
13.14%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from hunting and fishing licenses in the United States. It provides insights into recreational activity and revenue generation for state governments.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Tax Collections: T23 Hunting and Fishing License trend tracks the total tax revenue collected by U.S. states from the sale of hunting and fishing licenses. This data is a key indicator of outdoor recreation participation and an important revenue source for state budgets.
Methodology
The data is collected by the U.S. Census Bureau through quarterly state government tax revenue reports.
Historical Context
Policymakers and natural resource managers use this trend to understand trends in recreational activity and the fiscal impact on state governments.
Key Facts
- Hunting and fishing licenses account for over $1 billion in annual state tax revenue.
- License sales declined during the COVID-19 pandemic but have since rebounded.
- Outdoor recreation is a major economic driver, generating $689 billion in consumer spending annually.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T23 Hunting and Fishing License trend measures the total tax revenue collected by U.S. states from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into recreational activity and an important revenue source for state budgets, making it relevant for policymakers, natural resource managers, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly state government tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and natural resource managers use this trend to understand trends in outdoor recreation participation and the fiscal impact on state governments.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 3-month lag between the end of the reference period and the data publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for the United States (QTAXT23QTAXCAT3USNO), retrieved from FRED.